That is the main takeaway of a recently released study on Tulane’s economic impact. This report (see “Ripple Effect,” on page 20) reveals that Tulane’s operations, capital investments and other activities contribute $3.14 billion to the Louisiana economy each year and are responsible for more than 19,000 jobs statewide, including 13,934 jobs in New Orleans. The university also attracts $312 million in spending by visiting parents, alumni, potential students and patients.
In other words, what happens at Tulane — our scholarship, research, recruiting, innovations and more — has a far-reaching economic and social impact on our city, state and world. This was true long before Tulane became the economic engine it is today.
From our founding in 1834 by seven young doctors determined to eradicate tropical diseases from their hometown, Tulane has always been an outward facing institution. What our founders discovered about New Orleans’ annual epidemics brought a wealth of knowledge to regions around the world facing similar threats. Protecting our hometown eventually grew into a multimillion-dollar research enterprise that seeks cures globally.
Tulane’s importance to New Orleans and the surrounding region was reaffirmed after Hurricane Katrina when we reoriented our curriculum to ensure that students applied the knowledge and skills acquired in the classroom to help our struggling city and state recover.